Tighter rules are in place to make student loan practices more transparent throughout the University of North Carolina system.
The new rules are meant to prevent incidents like those discovered in New York, where the attorney general's office found schools were accepting gifts and other benefits in exchange for recommending lenders.
The guidelines for the 16-campus system in North Carolina ban gifts from lenders to financial aid officers and require more transparency in the handling of student loans.
Financial aid officers must provide families with the names of at least three lenders. The lenders should provide the best deal for the family. Families also can recommend lenders not listed by the state.
Loan officers say the rules provide clarity.
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